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Posted on: April 26, 2019

STAR changes in the state budget and new STAR Exemption renunciation instructions

STAR changes in the state budget for both Basic & Enhanced

2019-2020 Enacted State Budget includes several provisions impacting the STAR Program.

To encourage property owners to register for the STAR credit, the budget:

  • caps the annual growth in STAR exemption (Basic & Enhanced) savings at 0%, and
  • reduces the income limit for the Basic STAR exemption from $500,000 to $250,000.

STAR credits, (also known as STAR credit check program) however, can continue to increase up to 2% annually (Basic & Enhanced) and the Basic income limit for the STAR credit remains $500,000. You will receive a check directly from NYS Tax and Finance every year you qualify.

If you want to switch from the STAR exemption to the STAR credit,  there are two steps you need to take: 1) follow the instructions for STAR exemption removal and renunciation and 2) register with NYS Tax & Finance for the STAR credit. You can register by visiting www.tax.ny.gov or calling 518-457-2036.

Please note that the renunciation of a STAR exemption is irrevocable. This includes property owners who renounce their STAR exemption to switch to the credit; they CANNOT switch back to the exemption at a later time.

For Albany County, send the renunciation form (RP-496) to:

Maggie Alix, Director
Albany County Real Property Services
112 State Street, Room 1340
Albany, NY  12207

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